Posted 10/6/2023, 5:21:00 PM
Stocks Rebound as Jobs Report Offers Relief on Wages
- Dow jumps nearly 300 points on Friday as tech shares lead the way up
- Investors saw silver lining in jobs report showing hiring rose but wage growth slowed
- S&P 500 snapped four-week losing streak, while Dow fell for third straight week
- Stocks initially fell after jobs data, but rebounded as slowing wage growth could mean Fed is done hiking rates
- Focus now turns to upcoming inflation data, earnings season, and whether Fed will raise rates in Nov/Dec
